Earlier this year, the Senate Special Committee on Aging released their 2019 Fraud book. The committee states that from January 1, 2018 to December 31, 2018 Senate's Aging Committee fraud hotline received over 1,500 complaints.
The committee has came up with the top ten scams plaguing our seniors. These top ten scams made up 65% of all complaints in 2018.
1. IRS Impersonation Scam
2. Robo /Unsolicited Phone Calls
3. Sweepstakes Scam /Jamaica Lottery Scam
4. Computer Tech Support Scam
5. Elder Financial Abuse
6. Grandparent Scam
7. Romance Scam
8. Social Security Impersonation Scam
9. Impending Lawsuits Scam
10. Identity Theft
Over the next few weeks we will go deeper into the scams. We will discuss how the scams work, what you should look for and tips to avoid you or someone you love from becoming a victim.
If you or a loved one have been the victim of fraud, please contact the fraud hotline 1-855-303-9470.
Otherwise, if you have further questions give us a call 310-447-5266 and we would be happy to discuss your questions.
Marc has 36 years in financial services and 6 years in teaching.
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